2016 Greater Downtown Miami Demographics Applied Research and Analytics Miami Downtown Development Authority 200 S. Biscayne Blvd. Suite 2929, Miami, FL 33131 T: 305.579.6675 E:
[email protected] D owntown Miami Demographics – 2016| 1 Executive Summary Florida is now the third most populous state in the United States of America. Miami is Florida’s largest metro area with Greater Downtown Miami as its hub. Miami is a uniquely diverse place that warmly embraces new residents from around the globe. New residential developments within Greater Downtown Miami continue to appeal to young professionals who are pursuing a true urban lifestyle in a tropical waterfront city. Downtown Miami is an emerging major world city and the business, social and cultural epicenter of the Americas. This report will showcase the unique dynamics of Greater Downtown Miami’s current demographics – including the population and household changes over the past five years and projections for the future. Here is a brief summary of some of our key findings found in this update. Population Since 2010, the population of Downtown Miami has increased more than 30%. Population Estimate 2016: 88,540 % Increase from 2010 Census: 32.6% Density: approximately 23,300 persons per square mile Population Projection 2021: 106,429 Daytime Population: 234,976 Majority of the population within Downtown Miami are highly educated, young working professionals. Population age 25-44 estimate 2016: 39,516 Population % Age 25-44: 45% Population % Age 25+ with College Education: 59% . Households Households within Downtown Miami increased 42% since 2010. Household Estimate 2016: 46,130 % Increase from 2010 Census: 36% % Family Households: 39% .